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Early in the morning, the resistance risk around 61850 was pointed out. Sure enough, the price lacked upward momentum and quickly fell back, steadily breaking below the midline support of the channel, completely halting the short-term upward trend.
Based on the channel's high and low framework, the resistance zone was delineated in advance. Every round of market fluctuations can be foreseen in advance, without being misled by short-term surges. Currently, the market has entered a correction and consolidation phase, with key focus on the support level at 61270 below. Those who do not understand the channel framework are easily trapped at high levels.
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